DB Housing Inc

Analysis

DB Housing Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in November 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, DB Housing Inc reported income of $833k and spending of $884k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $833k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2021, when income rose by 350%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, DB Housing Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Low Country Regional Ems Council Inc ($833k), Ibew 117-Jatc ($833k) and Swarthmore Fire & Protective Association ($832k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $1.7m against liabilities of $788k, net assets of $956k.